NOVATEK's 3-month IFRS net profit attributable to shareholders was RUB 65.15 billion

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AK&M 04 May 2021 14:01

IFRS net profit of NOVATEK for the first quarter of 2021 attributable to the company's shareholders was RUB 65.15 billion against a loss of RUB 30.68 billion a year earlier, according to the company's materials.

Revenue from oil and gas sales increased by 32% to RUB 240.75 billion. Normalized net profit increased by 41.5% to RUB 75.77 billion.

JSC NOVATEK, the largest independent natural gas producer in Russia, focuses on the exploration, production, processing and marketing of natural gas and liquid hydrocarbons.